Ronald Mcdonald House Of Providence Inc

Organization Overview

Ronald Mcdonald House Of Providence Inc is located in Providence, RI. The organization was established in 1987. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2018, Ronald Mcdonald House Of Providence Inc employed 13 individuals. Ronald Mcdonald House Of Providence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2018, Ronald Mcdonald House Of Providence Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

RONALD MCDONALD HOUSE OF PROVIDENCE (THE HOUSE) SERVES TO IMPROVE THE HEALTH AND WELL BEING OF CHILDREN THROUGH THEIR CORE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O, OTHER, FOR HISTORY. OUR ONE HOUSE AND FAMILY ROOM PROVIDE A HOME FOR CRITICALLY ILL CHILDREN. THE HOUSE IS LOCATED ACROSS THE STREET FROM WOMEN & INFANTS HOSPITAL, HASBRO CHILDREN'S HOSPITAL AND RHODE ISLAND HOSPITAL. THE FAMILY ROOM IS LOCATED INSIDE HASBRO CHILDREN'S HOSPITAL. THE HOUSE ALLOWS FAMILIES TO EAT, SLEEP, AND FIND THE EMOTIONAL SUPPORT THEY NEED JUST STEPS AWAY FROM WHERE THEIR CHILD IS BEING TREATED. WHILE THE HOUSE SUGGESTS A $10 PER NIGHT CONTRIBUTION, NO FAMILY IS EVER TURNED AWAY IF THEY ARE UNABLE TO PAY. RMH OFFERS THEM CARE AND COMFORT DURING THEIR HOURS OF GREATEST NEED. OUR TWO CORE PROGRAMS ARE THE RONALD MCDONALD HOUSE (RMH) AND RONALD MCDONALD FAMILY ROOMS (RMFR). BOTH ARE DESIGNED TO KEEP FAMILIES CLOSE DURING HOSPITALIZATIONS. RESEARCH SHOWS THAT A FAMILY PRESENCE IN THE HOSPITAL HELPS CHILDREN HEAL FASTER. OUR PROGRAMS ARE UNIQUE IN THAT THEY ALLOW FOR FAMILIES TO SPEND ADDITIONAL TIME WITH A SICK CHILD, HELP EASE FINANCIAL BURDENS, PROVIDE A SENSE OF NORMALCY TO FAMILIES, AND KEEP FAMILIES TOGETHER DURING TIMES OF MEDICAL CRISIS. A RONALD MCDONALD HOUSE PROVIDES A TEMPORARY HOME FOR FAMILIES WITH CRITICALLY ILL CHILDREN. THE PROVIDENCE HOUSE HAS 28 BEDROOMS, A KITCHEN, A LIVING ROOM, A DINING AREA, A CHILDREN'S PLAY AREA, AND LAUNDRY FACILITIES. IN ADDITION TO ITS PROXIMITY TO MEDICAL FACILITIES, RMH PROVIDENCE OFFERS SOMETHING EVEN MORE IMPORTANT: THE SUPPORT THAT COMES FROM BEING ABLE TO TALK AND SHARE CONCERNS WITH OTHER PARENTS AND FAMILIES GOING THROUGH SIMILARLY DIFFICULT SITUATIONS. IN 2016, RMH PROVIDENCE EXPANDED, ADDING 10 ADDITIONAL BEDROOMS AND A LARGER DAY USE FLOOR. SOME CHILDREN TRAVEL GREAT DISTANCES TO GET THE MEDICAL ATTENTION THEY NEED. TREATMENT MAY LAST ONE DAY, ONE MONTH, ONE YEAR, OR EVEN LONGER. FOR THE FAMILIES OF THESE CHILDREN, ACCOMMODATIONS CAN BE HARD TO COME BY. THEIR OPTIONS ARE OFTEN LIMITED TO COSTLY HOTELS OR UNCOMFORTABLE HOSPITAL CHAIRS. TO FULFILL ITS MISSION, THE HOUSE PROVIDES SHELTER TO THESE FAMILIES IN NEED. THE GOAL OF THIS NONPROFIT ORGANIZATION IS TO MAKE A DIFFICULT TIME IN AN UNFAMILIAR PLACE AS NORMAL AND COMFORTABLE AS POSSIBLE FOR GUESTS GOING THROUGH A STRESSFUL TIME IN THEIR LIVES. RONALD MCDONALD FAMILY ROOMS BRING THE WARMTH AND COMFORT OF A HOUSE INTO THE HOSPITAL SETTING AND IS LOCATED STEPS FROM THE PEDIATRIC UNIT. AMENITIES INCLUDE A KITCHENETTE, A LAUNDRY FACILITY, COMPUTERS AND A COMFORTABLE PLACE FOR ADULT FAMILIES TO RELAX. RMH PROVIDENCE CURRENTLY MANAGES ONE FAMILY ROOM AT HASBRO CHILDREN'S HOSPITAL IN PROVIDENCE, RI.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Fantom
Chief Executive Officer
$150,590
Robert J Durant Jr
Vice President
$0
Keith R Watson CFA CFP
Secretary
$0
Joanne Chang
Treasurer
$0
Jay R Marshall
President
$0
David F Duncan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$39,882
Membership dues$0
Fundraising events$137,199
Related organizations$66,820
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$830,308
Noncash contributions included in lines 1a–1f $85,009
Total Revenue from Contributions, Gifts, Grants & Similar$1,074,209
Total Program Service Revenue$20,833
Investment income $28,632
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $126,272
Net Income from Fundraising Events -$41,385
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,209,001

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Ronald Mcdonald House Of Providence Inc has recieved totaling $28,813.

Awarding OrganizationAmount
Centreville Savings Bank Charitable Foundation

West Warwick, RI

PURPOSE: EXEMPT PURPOSE

$20,000
Mark And Donna Ross Family Foundation

Warwick, RI

PURPOSE: GENERAL PURPOSES

$5,000
Essential Power Llc

Princeton, NJ

PURPOSE: SUPPORTING SICK CHILDREN AND THEIR FAMILY

$3,000
Officer Ryan J Bourque Charitable Foundation

Coventry, RI

PURPOSE: CHILDRENS HEALTH & WELL-BEING

$750
Pfizer Foundation Inc

New York, NY

PURPOSE: ANNUAL GIVING CAMPAIGN

$63
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,970,316
Earnings-$180,359
Other Expense$121,612
Ending Balance$2,668,345

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